Documentation and computer code for "ESTIMATING THE EFFECT OF THE AGE DISTRIBUTION ON CYCLICAL OUTPUT VOLATILITY ACROSS THE UNITED STATES,"
	by Steven Lugauer, The Review of Economics and Statistics, November 2012, 94 (4), 896-902.

There are 11 files.
	Table1.do and Table.dta are for Table 1.
	Table2.do and Table.dta, Table2_3.dta, and Table2_4.dta are for Table 2.
	Table3.do and Table3_1.dta, Table3_2.dta, Table3_3.dta, Table3_4.dta, and Table3_5.dta are for Table 3.

The programs were run in STATA 12 IC.
	The programs call the command "newey2", which can be downloaded and installed within Stata.
	Type 'ssc install newey2' at the command line.

	The following variables are used:
	
		vol     GDP Volatility calculated as the 
	        	rolling standard deviation of a 9 year
		    	window of deviations from the
			hp-filtered (with smoothing parameter 6.25)
			trend as described in the text of the
			paper and the online Appendix.
		 
		share   Youth Share calculated as the fraction
		    	of the population aged 20-54 under the
		    	age of 35 as described in the text.
		 
		birth   Sum of birth rates lagged 20-34 years
			as described in the text.
	
		growth  GDP growth.
	
		state	US State - Alaska dropped.
	
		year	Year.

		empvol  Employment Volatility calculated as the 
	        	rolling standard deviation of a 9 year
		    	window of deviations from (hp-filtered)
			trend as described in the text.

		birthxx Birth rates lagged xx years.

Please look at the notes in the .do files and the online Appendix for additional information about the data.
	The online Appendix lists all data sources and is available here:
	http://www.mitpressjournals.org/doi/suppl/10.1162/REST_a_00278/suppl_file/REST944.Lugauer.e-supp.pdf


Contact Steven Lugauer at slugauer@nd.edu with any questions.